Transcription of FOR SMALL BUSINESSES - DOL
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FOR SMALL BUSINESSES - DOL
SIMPLE IRA PLANS FOR SMALL BUSINESSES SIMPLE IRA Plans for SMALL BUSINESSES is a joint project of the Department of Labor s Employee Benefits Security Administration (EBSA) and the Internal Revenue view this and other EBSA publications, visit the agency s website. To order publications or speak with a benefits advisor, contact EBSA call toll free: 866 444 3272 This material will be made available in alternative format to persons with disabilities upon request: Voice phone: (202) 693 8664 TTY: (202) 501 3911 This publication constitutes a SMALL en ti ty compliance guide for pur pos es of the SMALL business Regulatory Enforcement Fairness Act of IRA PLANS FOR SMALL BUSINESSES1 Thinking about a retirement plan? If it seems like the right thing for your business , here s a SIMPLE one. A SIMPLE (Savings Incentive Match Plan for Employees of SMALL Employers) IRA plan offers great advantages for BUSINESSES that meet two basic criteria. First, your business must have no more than 100 employees who earned $5,000 or more during the preceding calendar year.
A SIMPLE (Savings Incentive Match Plan for Employees of Small Employers) IRA plan offers great advantages for businesses that meet two basic criteria. First, your business must have no more than 100 employees who earned $5,000 or more during the preceding calendar year. In addition, your business cannot currently have another retirement plan.
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